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William Mercogliano III

themercteam@gmail.com +1(856) 472-9836

Listed by David Sheridan • BHHS Zack Shore REALTORS

$699,000

Est. payment - /mo

0.29 Acres Lot

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Barnegat Light

MLS Listing ID NJOC2036016

Land Lease Amount 28100.0

Land Lease Frequency Monthly

Year Built 1950

Annual Tax Amount $5,519

Tax Year 2024

Lot Size 0.287 Acres

Acres 0.29

Lot Dimensions 100.00 x 125.00

Property Sub-Type Retail

Source BRIGHT

Property Description

Since 1979 Kelly's Old Barney Restaurant has been a summer tradition for families on LBI. Located at the entrance to Barnegat Light State Park and with panoramic view of Barnegat Bay, the family is ready for a new owner to continue to create memories. Currently, between inside dining and the rear patio area there are 24 tables plus counter seating for approx. 130. The sale of the building and restaurant equipment is included. The land is leased from the State of NJ with eight years remaining on the current lease after this current year. Currently the restaurant is open for breakfast and lunch though it has been open for dinner in past years. Whether you would like to continue the Kelly's tradition or bring in a new concept, the choice is yours.

Location

State NJ

County Ocean

Area Barnegat Light Boro (21502)

Zoning G-B

Interior

Hot Water Natural Gas

Heating Wall Unit, Other

Cooling Ductless/Mini-Split

Flooring Wood

Inclusions Restaurant equipment and fixtures, tables, chairs, business. To be determined

Heat Source Electric

Exterior

Garage Spaces 10.0

Water Access N

View Bay, Panoramic, Water, Other

Roof Type Pitched,Other

Accessibility None

Total Parking Spaces 10

Garage N

Building

Lot Description Additional Lot(s), Adjoins - Public Land

Sewer Public Sewer

Water Public

New Construction N

Others

Tax ID 02-00004-00010

Ownership Land Lease

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard, Other

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William Mercogliano III

+1(856) 472-9836

Broker Associate | License ID: 0893537

Broker Associate License ID: 0893537

210 BROADWAY Barnegat Light, NJ 08006

William Mercogliano III

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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